Termination on Sale. 6.04. Owner shall notify Property Manager at least 30 days before an anticipated transfer of title to the Premises. On transfer of title to the Premises, this Agreement shall automatically terminate.
Termination on Sale. Upon consummation of the purchase and sale of a Member’s Interest to another Member under this Article 10, (i) the selling Member’s Interest in the Company shall be fully and completely settled and terminated, and (ii) the selling Member’s rights and obligations under this Agreement shall terminate, except (x) as to items incurred or accrued as of such date and not subject to indemnification hereunder, and (y) as to any indemnity obligations of such selling Member attributable to acts or events occurring prior to such date or otherwise specified in this Article 10.
Termination on Sale. If the Property is sold, exchanged or otherwise transferred by Owner at any time during the Term, (a) Owner shall provide Property Manager with reasonable advance notice of the proposed transfer, (b) this Agreement shall terminate as of the effective date of the transfer, and (c) neither Owner nor Owner's successor shall have any further liability to Property Manager under this Agreement except with respect to Management Fees earned and unpaid as of the date of termination.
Termination on Sale. This Agreement ends if You sell or dispose of the Vehicle unless the new owner makes a valid transfer of the Agreement. The Agreement can only be transferred to a private individual who first agrees to be bound by the liabilities, exclusions, terms and conditions of the Agreement by sending Us a completed “Form of transfer” (as included in this booklet), together with the transfer fee. If, in the event of Your death, ownership of the Vehicle passes to an immediate relative, the Agreement automatically continues for the benefit of that person.
Termination on Sale. This Agreement shall automatically terminate upon the sale of the entire Property without payment of any termination fee.
Termination on Sale. Upon consummation of the purchase and sale of a Partner’s entire Interest to another Partner under this Article 9, (i) the selling Partner’s Interest in the Partnership shall be fully and completely settled and terminated, and (ii) the selling Partner’s rights and obligations under this Agreement shall terminate, except (x) as to items incurred or accrued as of such date and not subject to indemnification hereunder, and (y) as to any indemnity obligations of such selling Partner attributable to acts or events occurring prior to such date or otherwise specified in this Article 9.
Termination on Sale. This Agreement shall automatically terminate upon the sale of the entire Project.
Termination on Sale. This Agreement shall automatically terminate upon the sale of the entire Property, including without limitation, a sale of the Property by the Company to Duke.
Termination on Sale. Landlord and Tenant acknowledge that Landlord was previously in escrow to sell the Real Property to Five Star, LLC ("Five Star") and that Tenant was previously in discussions to lease the Premises from Five Star upon Five Star's close of escrow for the Real Property. If Landlord, in its sole discretion, ultimately sells the Real Property to Five Star, or any person or company which is affiliated with, related to, employed by, controlled by, controlling or under common control with Five Star, then this Lease shall automatically terminate upon the close of escrow for such sale. However, if Landlord, in its sole discretion, sells the Real Property to any other purchaser, this Lease between Landlord and Tenant shall remain in full force and effect through the Lease Expiration Date (as may be extended pursuant to Section 2.2 above) and the immediately preceding sentence of this Article 22 shall be null and void and of no further force and effect. Tenant agrees to indemnify, defend and hold Landlord harmless from and against any and all claims, costs, expenses and liabilities asserted or alleged by Five Star and/or any of its affiliates, employees, members, officers or principals arising out of or in connection (i) with Landlord and Tenant entering into this Lease, (ii) Landlord's grant of the Purchase Option to Tenant, (iii) Tenant's exercise of the Purchase Option, and/or (iv) Tenant's purchase of the Real Property as a result of Tenant's exercise of the Purchase Option, such defense to be provided by counsel acceptable to Landlord in its sole and absolute discretion.
Termination on Sale. Notwithstanding any provision in this Agreement to the contrary, Master Tenant shall have the right to terminate this Agreement upon any sale of the Hotel. Master Tenant may exercise the right of termination under this Section by giving Management Company written notice on the date of such sale.
